2019-10-22
 
 
Yuexiu Group made a Subscription of Ten Million and Won the Golden Cup of Hongmian Cup during the Activity held on Guangdong Helping the Needy Day
Release Date:2019-07-01 10:34:50

On the morning of June 30, the 2019 Guangdong Helping the Needy Day event was initiated in Guangzhou. Wen Guohui, the Vice Secretary of Guangzhou Municipal Party Committee and the mayor of Guangzhou, and Wang Shitong, the member of the Standing Committee of Guangzhou Municipal Party Committee and the Chief of Organization Department under Guangzhou Municipal Party Committee participated in the event. The deputy mayor of Guangzhou, Li Ming gave a pep talk while the secretary general of the People’s Government of Guangzhou Municipality, Chen Jie hosted the event. The company made a charity subscription of RMB Ten Million.


▲The company made a charity subscription of RMB Ten Million


On the morning of the same day, the opening ceremony of the 2019 Guangdong Helping the Needy Day event was held in Guangzhou, in which the figures of the provincial authorities participated. Yuexiu Group was awarded the Golden Cup of Hongmian Cup for 2018 Guangdong Helping the Needy Day and the vice general manager of Yuexiu Group, Tan Sima accepted the award on behalf of the company. That was the first time Yuexiu Group has won such a prize, which fully shows that the higher authorities spoke highly of its endeavors to helping the needy and alleviating the poverty.



▲The vice general manager of Yuexiu Group, Tan Sima (the second one on the left) accepted the Golden Cup of Hongmian Cup for 2018 Guangdong Helping the Needy Day on behalf of the company



▲the Golden Cup of Hongmian Cup for Guangdong Helping the Needy Day


Since 2018, Yuexiu Group has had in-depth study of and implemented the written gist of the General Secretary Xi Jinping’s key speech on Guangdong and his key instructions, has carefully put his important statements on helping the poor into practice, has held tight to the strategies of targeted poverty alleviation and rural revitalization, has exploited its industrial advantages to the full and completed the work related to helping the poor in high quality by taking comprehensive measures.

Through donation and helping the poor, Yuexiu Group makes input of capital for industry development come true. It raised the plate for a subscription of RMB 8 Million on the event of 2018 Guangdong Helping the Needy Day. Yuexiu Group and its subordinate business segments made a total outward subscription of RMB 30.689 Million during the period of January 2018 through May 2019. It purchased medical care and pension for and gave education allowance to the poor households in the assistance-oriented three villages of Xiniu Town, Yingde. Up to the end of 2018, the impoverished people with labor capacity in the three villages above mentioned had disposable personal income 200% more than before receiving the assistance.

By strengthening the drive of industries, Yuexiu Group realized development of special industry in the impoverished regions. It helped the three assistance-oriented villages develop vegetable planting industry and built 680 acres of various planting bases in total; It set up the “leading enterprise+ poor household +base” greenhouse vegetable planting mode, led the impoverished households to develop the planting industry and encouraged them to get employed near their residence, in order to ensure that the poor households get out of poverty stably for a long term. Meanwhile, Yuexiu Group and the People’s Government of Xiniu Town jointly established a dried vegetable processing plant, which was officially brought on stream and accomplished RMB-240-Thousand dividend distribution in 2018.

Yuexiu Group made use of the financial instruments to bring about sustainable development of local industry in the impoverished region. It brought its strength of engaging in financial industry into full play and made flexible use of multiple financial instruments to build up a long-term sustainable market-based assistance mode. Yuexiu Financial Holding, Yuexiu Group’s subordinate company, and the three assistance-oriented villages established a fund for agriculture support, which realized maintenance and appreciation of fund value by making prudent portfolio investment and transformed the stock assistance fund into stable cash flow in order to support development of the local special agricultural projects. Its subordinate company held major underwriting of 2018  corporate bonds of Yudu County Zhenxing Investment Development Co., Ltd. and raised RMB-One-Billion fund to be used for construction of industrial park for Yudu County, Jiangxi, which is the place of departure of the Red Army’s long march. Guangzhou Futures Development carried out corn and egg “insurance+ futures” project, which safeguards the peasant households’ earnings by use of futures and achieves the double goals of targeted poverty alleviation and the futures market’s serving the three issues in agriculture, thus winning the prize of excellent innovative way to support the poor among the securities and futures industry of the nation.



“Leading enterprise+ poor household +base” greenhouse vegetable planting mode created by Yuexiu Group for supporting the poor



About Guangdong Helping the Needy Day

Guangdong Helping the Needy Day was initiated and first proposed to be set up by Wang Yang, the committee member of the Political Bureau of the Central Committee of the CPC and Secretary of Guangdong Provincial Party Committee at that time. As authorized and approved by the State Council in June 2010, Guangdong Helping the Needy Day was confirmed to be on June 30 in each year starting from 2010. June 30, 2019 is the tenth Guangdong Helping the Needy Day. For many years the various departments of different regions in Guangdong have initiated and organized all sectors of society to carry out the activities of helping the poor, specifically like poverty alleviation, helping the elderly, helping the disabled, helping the orphans, assisting the impoverished students far and wide under the united deployment of the provincial party committee and the provincial people’s government. Over the past nine years, all departments at all levels across Guangdong have made a total subscription of RMB25.736 Billion. The event of Guangdong Helping the Needy Day becomes an important platform for helping the needy in Guangdong.